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actually where they've had all this gas produced from alternative energies energy sources so-called fracking and they you can see it put huge pressure on gas prices u.s. prices for gas and one third of those in europe now it's not the case that this is going to be replicated exactly in europe however it is coming it is going to put more pressure on european prices we've already seen gas problems customers here. demanding really price cuts and in many cases getting them and i think that's probably going to face more of that in the future long before it actually turns around a price stock picking up again all right nick paul thank you very much for that let's go quickly through the markets traders are selling the on the bad macroeconomic dates i'll get to that in just a second on the russian ruble if they speak losing money as you can see that against both currencies on saturday now as stocks in the u.s. are down this hour on news manufacturing contracted in november as lawmakers are still mulling a way around the so-called fiscal cliff and it was a rather quiet day of trading in the year of p
actually where they've had all this gas produced from alternative energies energy sources so-called fracking and they you can see it put huge pressure on gas prices u.s. prices for gas and one third of those in europe now it's not the case that this is going to be replicated exactly in europe however it is coming it is going to put more pressure on european prices we've already seen gas problems customers here. demanding really price cuts and in many cases getting them and i think that's...
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wrong with nobuko i mean it's received a lot of support it's been backed as a key element of europe's energy security got backing from brussels and washington why is it not being there because the gas market has changed in europe actually i mean the financial crisis has altered the landscape quite radically before two thousand and eight it was presumed there would be a deficit of gas the demand would go up and the there would be shortages since two thousand and nine it's been clear that if that deficit is going to come it's being pushed back by several years you also need to consider that. faces a rival in south stream which is gas problems plan to bring gas from russia through to the southern corridor now this is actually progressed much further it's a much more sort of viable project. from in a sense capital explains why the book has been beset by problems. lack of supply and the like uncertainty over what i want to contrail will be the main source of that gas and also it requires money many more countries and transit trans. countries so complex to political complexity is in dealing with m
wrong with nobuko i mean it's received a lot of support it's been backed as a key element of europe's energy security got backing from brussels and washington why is it not being there because the gas market has changed in europe actually i mean the financial crisis has altered the landscape quite radically before two thousand and eight it was presumed there would be a deficit of gas the demand would go up and the there would be shortages since two thousand and nine it's been clear that if that...
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we've got three or four different fossil fuels and we've got four or five different renewable energies in the situation is quite complex and i don't want to complicate our you know my own watching for the cause that we should be looking at water and oil as being the same and it is power is when it comes to scarcity. the question is should we look at water in oil in the same way in terms of how to respond i think the answer is no in this case i mean these are just very i certainly like yours and i certainly hope i'm not especially . and i'm not an oil economist i'm not in a common position to comment along the specificity of that but i think there's a lot more flexibility you know water is something that hypothetically is available domestically and it is indigenously in every country there's a lot more flexibility it's not as politicized this oil is politicized water for sure but there is more easy options and it really is not as fraud and tricky basically as oil is so i think it would be a mistake to try to conflate those two and it is true that you we need to look at the trajectory of
we've got three or four different fossil fuels and we've got four or five different renewable energies in the situation is quite complex and i don't want to complicate our you know my own watching for the cause that we should be looking at water and oil as being the same and it is power is when it comes to scarcity. the question is should we look at water in oil in the same way in terms of how to respond i think the answer is no in this case i mean these are just very i certainly like yours and...
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an energy companies involved in the project now this pipeline plans to transport russian natural gas to central and south in europe diversifying gas routes away from transit countries in particular ukraine and now the points will go from russia's black sea coast to bulgaria and that will be split into two bringing russian natural gas directly to european consumers the first supplies are scheduled for the end of two thousand and fifteen yet many in europe question whether this project is needed due to falling demand for natural gas in europe and high costs of construction sound doubt that twenty billion dollars project is necessary however gas from spark now sees it differently when you look at policy i think there's a good likelihood that the demand for gas will grow because we have to replace all sources of energy anyway the import of natural gas interest on europe and so on your has to grow and therefore i think this is a very very important project meanwhile gazprom c.e.o. aleksei miller says that the south stream pipeline is the biggest infrastructure project in europe and all th
an energy companies involved in the project now this pipeline plans to transport russian natural gas to central and south in europe diversifying gas routes away from transit countries in particular ukraine and now the points will go from russia's black sea coast to bulgaria and that will be split into two bringing russian natural gas directly to european consumers the first supplies are scheduled for the end of two thousand and fifteen yet many in europe question whether this project is needed...
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that's dogging every pipeline project destined for the european union and that's this so-called third energy package it for bid suppliers from also owning the transportation networks meaning of course the pipelines and that's exactly what gazprom was planning on doing in this project so it's not a surprise that gazprom is adamantly against these provisions. of. fields that somebody believes or so but again should. compete you should start. before the market for the next for pipeline for its part the european commission really insists that the south stream odors before launching their pipeline will have to guarantee independent companies unrestricted access to the pipeline i had a chance to discuss this issue with the head of the international energy agency earlier this week i think it's absolutely necessary that the issue of seoul stand you know in russia's interest in a single market who wants to be a big player on this market so that means that you have to learn to to play according to the rules but of course i'm not a negotiator and so it depends on the negotiations between russia and to.
that's dogging every pipeline project destined for the european union and that's this so-called third energy package it for bid suppliers from also owning the transportation networks meaning of course the pipelines and that's exactly what gazprom was planning on doing in this project so it's not a surprise that gazprom is adamantly against these provisions. of. fields that somebody believes or so but again should. compete you should start. before the market for the next for pipeline for its...
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as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the to asian giants on a collision course because of the mess that nationalism the indian government cannot afford to be seem to be weak in dealing with china obviously a higher power with the government. over two hundred billion barrels of oil and large amounts of natural gas that's more than the vast majority of the world's energy rich nations have all hidden under the south china sea that china claims most of the territory for itself but india has also managed to get access by buying a stake in a vietnamese gas field shortly after one way accused chinese boat of sandwich dodging exploration india warned it's ready to use force to defend its interests hopefully as i said that should not to lead to more long term conflict but you know it's it's not me inevitable because both countries have large and visions of becoming global actors and players both china and india have been pumping billions of u.s. dollars into their armies and navie
as china and india rise economically their military muscles are growing as well both need energy to keep that kind of growth going and that may be putting the to asian giants on a collision course because of the mess that nationalism the indian government cannot afford to be seem to be weak in dealing with china obviously a higher power with the government. over two hundred billion barrels of oil and large amounts of natural gas that's more than the vast majority of the world's energy rich...
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and russia to be solicitor for today he is very important because of course a part of the energy subject to that would be a discussion on the carcasses of central asia and especially the syrian situation so arrogant as to take into account the russian position as much as the us while being an ally with nato and kind of do please the countries in the gulf of which are big points that we're looking at the u.s. position america says any use of. chemical weapons by syria would cross a red line for the administration what exactly do they mean by that a possible full military intervention. yes this is so of course it's afraid that goes around now for some time we have seen it in september. and that should have the pentagon saying that the movements of these stockpiles if within syria beyond the usual movements in the sites which are known. i do not feel that the western countries in spite of your demands you gene kranz of the u.k. would be ready to have admitted to an intervention with boots on the ground in syria so this issue of the chemical weapons. is so useful to eventually the ground put
and russia to be solicitor for today he is very important because of course a part of the energy subject to that would be a discussion on the carcasses of central asia and especially the syrian situation so arrogant as to take into account the russian position as much as the us while being an ally with nato and kind of do please the countries in the gulf of which are big points that we're looking at the u.s. position america says any use of. chemical weapons by syria would cross a red line for...
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energy giants of b.p. and gazprom are talking business as britain seeks to bolster its energy security the north stream pipeline could be extended to the u.k. by the sixty deal said the size of next year right now the pipeline runs from russia to germany on the baltic sea and would need to be extended six hundred miles to reach the project appeals to the u.k. government to office diversifying gas supplies currently mostly coming from the middle east. now next the second part of our feature on the anti corporate movement occupy wall street which marriage us every year before sweeping across the country watching here on r.t. in just a couple minutes. you can tell an ordinary russian siberian in the blink of an eye one i didn't century anthropologists. those days siberians were different clothes different food. different animals. but what about. my journey began in two men but the big city was all shiny. scrapers and shopping malls much like any other prosperous russian. so. a small town just outside. dumplin
energy giants of b.p. and gazprom are talking business as britain seeks to bolster its energy security the north stream pipeline could be extended to the u.k. by the sixty deal said the size of next year right now the pipeline runs from russia to germany on the baltic sea and would need to be extended six hundred miles to reach the project appeals to the u.k. government to office diversifying gas supplies currently mostly coming from the middle east. now next the second part of our feature on...
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energy resources. to turkey from russia. so he really did seem like. a very. honorable. germany is considering deploying nearly two hundred soldiers as part of the. missiles on the turkish border with syria more than sixty percent of germans being against the move according to a recent poll german business consultant christophe he says berlin seems content to turn its back on public opinion right now. our chancellor mrs merkel is obviously fulfilling and prematurely fulfilling washington's wishes which is completely against the will of the people and sixty percent by the way is i think not the correct figure this is a regular tradition nowadays that the parliament overrides the wishes of the people so many people here do not trust the parliament they do not trust the government and they do not trust the media and what we have here is you know you know eighty percent were against the afghanistan issue and we sent our troops against their wishes then you know paying into the bankrupt euro currency to get again against eighty percent of the wishes of the people and sending
energy resources. to turkey from russia. so he really did seem like. a very. honorable. germany is considering deploying nearly two hundred soldiers as part of the. missiles on the turkish border with syria more than sixty percent of germans being against the move according to a recent poll german business consultant christophe he says berlin seems content to turn its back on public opinion right now. our chancellor mrs merkel is obviously fulfilling and prematurely fulfilling washington's...
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to quickly open its nuclear facilities to international and inspectors from the international atomic energy agency the resolution was passed with one hundred seventy four in favor six against and six abstentions and essentially it's calling on israel to join the non proliferation nuclear treaty not as all get it off all countries who do have nuclear arms but who are not recognized by the nonproliferation proliferation treaty these resolutions of the united nations are not legally binding but they are important because they reflect world opinion and they certainly carry political weight so this is something that will make tel aviv sit up and take notice what we've witnessed ever since the palestinians went to the united nations last week and were recognized with increased status is a strong reaction from the israeli government the israeli prime minister netanyahu unarmed that he was approving some three thousand new sic the wholeness essentially of an area known as the one which is in these two men the west bank and it does mean that these two areas will be cut off from each other the intern
to quickly open its nuclear facilities to international and inspectors from the international atomic energy agency the resolution was passed with one hundred seventy four in favor six against and six abstentions and essentially it's calling on israel to join the non proliferation nuclear treaty not as all get it off all countries who do have nuclear arms but who are not recognized by the nonproliferation proliferation treaty these resolutions of the united nations are not legally binding but...
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makes it really easy for a big corporate special oil interest to be and they're getting yet that the energy resource. now too in the sand is a promising some new shock revelations to rival the hundreds of thousands of secret diplomatic cables published by wiki leaks two years ago in an interview with r.t. the editor of the whistle blowing web site also claims the u.s. is becoming it to ten state but help of social media. the problem is that all the time everyone nearly everything they do on the internet is permanently recorded every web search to know what you were thinking one here two days three months ago or you don't know but google knows it remembers the national security agency intercepts the request if it flowed over u.s. border it knows will be. a national security agency whistleblower who was the research head of the national security agency's signals intelligence division describes this as turning a key totalitarianism that all the infrastructure has been built for absolute totalitarianism it's just a matter of turning the key and actually the key has already been turned a little
makes it really easy for a big corporate special oil interest to be and they're getting yet that the energy resource. now too in the sand is a promising some new shock revelations to rival the hundreds of thousands of secret diplomatic cables published by wiki leaks two years ago in an interview with r.t. the editor of the whistle blowing web site also claims the u.s. is becoming it to ten state but help of social media. the problem is that all the time everyone nearly everything they do on the...
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families who are suddenly put out of business or you know what is going to be the new viable source of energy so you know it's a case that's much like any other environmental case where you know we know what's happening is bad but no solutions are put on the table that would take it to the next step to help rectify the situation now this story is not really being covered a wide lead but it has been picked up by a couple media outlets do you think this is something that's being blown up by the media or that there's really something to be concerned about yeah well you know i always wondered the same thing whenever i see any news story i'm going to question it i'm going to wonder if this is just an station elysium in a way to fill time but you know this case with a laundry list again of really horrible sounding chemicals seem to have a little bit of meat to it so that was another thing that i asked professor jackson . i think this is something that first of all. we need to figure out how common this is how widespread this practice i mean really it's not just there in wyoming as some states in th
families who are suddenly put out of business or you know what is going to be the new viable source of energy so you know it's a case that's much like any other environmental case where you know we know what's happening is bad but no solutions are put on the table that would take it to the next step to help rectify the situation now this story is not really being covered a wide lead but it has been picked up by a couple media outlets do you think this is something that's being blown up by the...